Financial Definition of Capital Market Imperfections View
Meaning of Capital Market Imperfections View
The view that issuing debt is generally valuable but that the firm’s optimal choice of capital structure is a dynamic process that involves the other views of capital structure (net corporate/personal tax, agency cost, bankruptcy cost, and pecking order), which result from considerations of asymmetric information, asymmetric taxes, and transaction costs.
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Capital Market Imperfections View in Historical Law
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Legal Abbreviations and Acronyms
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